EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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Account payee crossing and non-negotiable crossing are the direction of the drawer to the collection bank.

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Important Questions on Banking Law and Practice

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A cheque is crossed in favour of ‘PNB Delhi’ and ‘PNB Calcutta’. The paying bank:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
In special crossing, the name of the bank is more important and not the lines.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Not Negotiable crossing has been defined u/s_____ of NI Act, 1881.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
There is no holder in due course of a cheque that is crossed as ‘not negotiable’.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
With “Paying account” crossing, the right of further transfer by endorsement is exhausted.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A Cheque crossed specially is presented for cash payment at the counter of the paying branch, by the cashier of the bank, in whose favour it is crossed:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A cheque with a special crossing in favour of two banks is returned under the provision of:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The ‘Paying account crossing’ is defined as _____ of _____.